Chief Financial Officer

Key Responsibilities

• Provide strategic leadership for PEM’s overall financial management, ensuring long-term financial sustainability, liquidity, and alignment with institutional goals.
• Partner with the Executive Team to integrate financial planning with strategic initiatives, programmatic priorities, and capital investments.
• Lead multi-year financial planning, forecasting, and scenario analysis to support informed decision-making by senior leadership and the Board.
• Oversee all accounting and financial reporting functions, ensuring accuracy, timeliness, and integrity of internal and external financial information.
• Ensure compliance with all applicable regulatory, tax, audit, and reporting requirements, including GAAP, IRS regulations, and donor restrictions.
• Develop, implement, and strengthen internal controls, policies, and procedures to support strong governance and institutional risk management.
• Serve as the primary executive liaison to external auditors and accounting advisors.
• Provide executive oversight of PEM’s endowment and investment operations in partnership with the Board Investment Committee and external investment advisors.
• Oversee accounting, reporting, cash flows, distributions, capital calls, and redemptions for PEM’s endowment, currently valued at approximately $690 million +.
• Ensure accurate stewardship, documentation, and reporting of restricted and unrestricted endowment funds, including accumulated unspent distributions.
• Support the implementation of investment decisions approved by the Investment Committee, including subscription documentation review, execution as an authorized signer, and coordination of capital calls and liquidity activity.
• Lead institutional cash management and liquidity planning across operating, capital, and investment accounts.
• Partner with the COO in providing executive oversight of institutional contracts and procurement practices.
• Review and approve significant contracts in collaboration with external legal counsel and the COO.
• Partner with the COO and Audit & Risk Committee leadership on institutional risk considerations, insurance coverage, and risk mitigation strategies.
• Support the implementation of risk-related actions approved by the Board.

About the Role

The Chief Financial Officer (CFO) provides strategic, operational, and fiduciary leadership for the Peabody Essex Museum’s (PEM) comprehensive financial, investment, and administrative functions. Reporting to the Chief Operating Officer and serving as a key member of the Executive Team, the CFO is a trusted advisor to the Board of Trustees, Executive Team, and senior staff on matters related to financial strategy, sustainability, governance, institutional risk, and organizational performance.